Some entrepreneurs have great ideas, but lack the capital to get them off the ground. Enter Pomegranate Studios’ 5x5 Night, started in January. Held one evening a month, 5x5 Night features five presenters whose ideas are selected from a broad range of submissions. Each entrepreneur gets five minutes and five slides to make a case before a panel of judges on why their idea deserves $5,000 in seed money.

Result:

The obvious result is that each month, one recipient gets — or a combination of presenters shares — $5,000 to jumpstart their proposal. To date, ideas that have received support include the Fire & Knife Supper Club for foodies, a weather-related phone app, soundproofing for glass buildings, beehive compression frames, a commercial kitchen open to food business startups and others. Beyond that, 5x5 Night has generated excitement, audience engagement and community networking.

Said Marketing Director Paul Moore, “At the end of the night, everyone walks away with something: a possible $5K, new acquaintances, entertainment, and of course … inspiration.”